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Business

Baidu and Tesla Partner to Boost FSD Capabilities in China

Baidu's Partnership with Tesla: A Strategic Move for Enhanced FSD Capabilities in China Baidu's partnership with Tesla:TSLA, granting the electric car manufacturer access to its...

Snap Inc. Surges on Positive Earnings Report – Q1 2024 Insights

Snap Inc. (NYSE: SNAP) Surges on Positive Earnings Report Snap Inc. (NYSE: SNAP), a popular social media company, has given its investors a significant reason...

Wix.com Upgraded to Outperform at RBC Capital

With Wix.com Ltd. (NASDAQ:WIX) shares significantly down in 2022, analysts at RBC Capital upgraded the company to Outperform from Sector Perform and raised their...

US Inflation Eases for Sixth Straight Month

WASHINGTON –The increase in U.S. consumer prices eased again in December, dropping for the sixth straight month after reaching a four-decade high in mid-2022,...

Marvell Technology Announces CFO Change, Narrow Q4 Guidance Range

Marvell Technology, Inc. (NASDAQ:MRVL) shares were trading more than 2% higher Thursday afternoon following the company’s announced CFO change and narrowed Q4 guidance range....

RLJ Lodging Trust Highlighted as a Top Pick at Oppenheimer

Oppenheimer analysts provided their views on RLJ Lodging Trust (NYSE:RLJ), highlighting it as their Top Pick in the lodging REIT sector, expecting the company...

Intuitive Surgical Shares Down 4 percent on Preliminary Q4 Revenue Miss

Intuitive Surgical (NASDAQ:ISRG) shares dropped more than 4% on Wednesday following the company’s reported preliminary Q4 results, with revenue coming in at $1.66 billion,...

KB Home Shares Plunge 6 percent Following Q4 EPS Miss

KB Home (NYSE:KBH) shares were trading nearly 6% lower Thursday morning after the company reported Q4 results, with EPS of $2.47 missing the Street...

See What Sam Bankman Fried Says as He Breaks Silence on Substack Post While Out On $250 Million Bail

Sam Bankman Fried breaks silence on Substack trying to explain he is innocent of all charges against him. In December, federal prosecutors in Manhattan charged...

Rollins’ Fiscal 2023 Outlook

RBC Capital provided its outlook on Rollins, Inc. (NYSE:ROL), noting the company sets up well going into 2023, given the recession-resilient business model, while...

Commvault Systems Preliminary Q3 Results Miss Estimates, Shares Plummet 14 percent

Commvault Systems, Inc. (NASDAQ:CVLT) shares plunged more than 14% yesterday after the company announced its preliminary unaudited financial results for Q3, expecting total revenues...

Excellent News for Team Biden’s Economy

  President Joe Biden says Thursday's positive inflation report, which showed prices cooling in December, validates his economic stewardship and should cause House Republicans to...

LVMH corporate shuffle, billionaire Bernard Arnault elevates children to top posts, Beccari to run LV

On Wednesday, billionaire Bernard Arnault, who is reportedly the richest man in the world, recently announced a management shuffle at LVMH, the luxury goods...

Exelixis Reports Preliminary Q4 Results

Exelixis, Inc. (NASDAQ:EXEL) reported its preliminary Q4 and fiscal 2022 results, and financial guidance for 2023, and provided an update on its business. Q4 sales...

Wolfspeed’s Upcoming Q2 Earnings Preview

Deutsche Bank analysts provided their outlook on Wolfspeed, Inc. (NYSE:WOLF) ahead of the upcoming Q2 results, scheduled to be announced on Jan 26. The analysts...

SYNNEX Corp. Shares Up 10 percent Since Q4 Beat Announcement

SYNNEX Corp. (NYSE:SNX) shares gained more than 10% since the company’s reported Q4 results on Tuesday, with EPS of $3.44 coming in better than...

Bed Bath & Beyond Shares Surge 115 percent Since Q3 Announcement Despite Looming Bankruptcy

Bed Bath & Beyond (NASDAQ:BBBY) shares jumped more than 115% since the company’s reported Q3 results on Tuesday. This is despite the company reporting...

Watch: Art Gallery Owner Collier Gwin Hoses Down Homeless Woman to Make Her Move From Sidewalk

Footage of a San Francisco art gallery owner spraying a homeless woman with a hose and demanding that she leave has gone viral. The...

Update FTX:  $5 billion in assets, such as cash, liquid cryptocurrencies, and liquid investment securities, discovered.

The ailing cryptocurrency exchange FTX/Sam Bankman-Fried, according to FTX attorney Andy Dietderich, has "recovered $5 billion in cash and liquid coins." The exchange is,...

Dun & Bradstreet Holdings’ Fiscal 2023 Preview

RBC Capital analysts provided their outlook on Dun & Bradstreet Holdings, Inc. (NYSE:DNB) for fiscal 2023, noting that the anniversary of the GSA contract,...

Crocs Preannounces Q4 Results, Provides Full Year Outlook

Crocs, Inc. (NASDAQ:CROX) preannounced strong Q4 results and provided a solid full-year outlook. The company expects Q4 revenue growth of 60% year-over-year, which is...

Watch: Three Charged in First Ever Cryptocurrency Insider Trading Tipping Scheme

Coinbase insider trading leads to 10 months in jail for Nikhil Wahi after his brother tipped him off about upcoming cryptocurrency listings on the...

Acuity Brands Reports Better Than Expected Q1 Results

Acuity Brands (NYSE:AYI) reported its Q1 results, with EPS of $3.29 coming in better than the Street estimate of $3.02. Revenue was $997.9 million,...

Box Inc’s Review, Top Pick for 2023

Oppenheimer analysts provided their views on Box, Inc. (NYSE:BOX), highlighting it as a top pick for 2023. The analysts’ positive stance reflects their belief...

Jefferies Financial Group Reports Q4 Results, Shares Up 3 percent

Jefferies Financial Group (NYSE:JEF) shares gained more than 3% today after the company reported its Q4 results, with revenue coming in at $1.44 billion,...

Coinbase Global Shares Surge 10 percent on Workforce Cut Announcement

Coinbase Global, Inc. (NASDAQ:COIN) shares gained more than 10% intra-day today after the company revealed a new restructuring plan to control its operating costs...

What is the future of grocery? Walmart unveils its vision at CES 2023

As exhibitors and attendees are Vegas bound, early January to attend what is considered to be the biggest tech event In Vegas, CES Show...

CoStar Group’s Fiscal 2023 Outlook

RBC Capital shared its outlook on CoStar Group, Inc. (NASDAQ:CSGP) for fiscal 2023, expecting revenue and EBITDA guidance to be in line with the...

Medtronic Downgraded at RBC Capital, Shares Down 4 percent

Medtronic plc (NYSE:MDT) shares closed more than 4% lower yesterday after RBC Capital downgraded the company to Sector Perform from Outperform and lowered its...

Intel Corporation’s Review Following CES 2023

Deutsche Bank analysts provided a review of Intel Corporation (NASDAQ:INTC) following their attendance at CES 2023. According to the analysts, the company reiterated its...

Palo Alto Networks’ Bullish Stance Reiterated at Oppenheimer

Oppenheimer analysts provided their views on Palo Alto Networks, Inc. (NASDAQ:PANW), highlighting it as a top pick for 2023. The analysts’ bullish stance is predicated...

Alphatec Shares Down 5 percent Despite Strong Preliminary Q4 Results Announcement

Alphatec Holdings, Inc. (NASDAQ:ATEC) announced preliminary financial results for Q4 and provided guidance for fiscal 2023 revenue and adjusted EBITDA. While numbers came in...

Lululemon Athletica Shares Plunge 9 percent on Disappointing Q4 Guidance Update

Lululemon Athletica Inc. (NASDAQ:LULU) fell more than 9% today after the company provided a disappointing update to Q4 guidance at the ICR conference. While the...

Morgan Stanley warns that US stocks face a 22% drop

Morgan Stanley (NYSE:MS) warns that US stocks face a 22% drop. According to Morgan Stanley strategists, US equities face far greater drops than many...

Good Reasons to Buy Walmart Stock

  Walmart Inc. (WMT) is predicted to earn $1.50 per share in the current quarter, a -2% decrease from the previous quarter. The shares are...

Ambarella’s Review, CES 2023 Key Takeaways

Analysts at Oppenheimer provided a review on Ambarella, Inc. (NASDAQ:AMBA) after attending CES 2023 last week. The analysts met with the company’s management and...

What to Expect From LGI Homes’ Upcoming Q4 Results?

Wedbush analysts provided their outlook on LGI Homes, Inc. (NASDAQ:LGIH) ahead of the upcoming Q4 results, lowering their EPS estimate to $1.17 from $1.48...

Mastercard and Polygon collaborate to launch the Web3 musician accelerator program

Mastercard (NYSE:MA) is increasing its exposure to blockchain technology yet again, after announcing a Polygon-based accelerator program to help musicians build their careers via...

HEICO Corporation Closes its Acquisition of Exxelia for $460 million

HEICO Corporation (NYSE:HEI) announced that it has closed its acquisition of Exxelia for $460 million, or approximately €453 million. The transaction represents the largest...

Helen of Troy Reports Better Than Expected Q3 Results

Helen of Troy (NASDAQ:HELE) reported its Q3 results on Thursday, with EPS of $2.75 coming in better than the Street estimate of $2.61. Revenue...

What to Expect From Meritage Homes’ Upcoming Q4 Results?

Wedbush analysts raised their price target on Meritage Homes Corporation (NYSE:MTH) to $122 from $90 ahead of the upcoming Q4 results announcement. According to the...

CarMax Review, Used Car Pricing is Set to Moderate in 2023

Oppenheimer analysts provided their review on CarMax, Inc. (NYSE:KMX), noting that used car pricing is set to moderate in 2023. The past several months proved...

McDonald’s to reorganize, cut jobs, increase restaurant openings, makes internal promotions

On Friday, McDonald’s (MCD) CEO Chris Kempczinski told employees in a companywide memo that it would be cutting jobs and reorganizing the company as...

Watch: Chanel Presents Coco Crush. Fine jewelry that can be worn forever with Celebrity Blackpink’s Jennie Kim, Margaret Qualley and Amandla Stenberg

CHANEL debuted its Coco Crush 2023 Fine Jewelry Collection with a campaign starring Blackpink's Jennie Kim as well as actresses Margaret Qualley and Amandla...

Elon Musk Favors Texas for Trial, Seeks to Move Out of San Francisco Citing ‘Local Negativity’

Lawyers for Tesla and Elon Musk have asked a federal judge in San Francisco to relocate or postpone a pending trial from northern California...

New Lawsuit Alleges Russian Billionaire Dmitry Rybolovlev Funded Hollywood’s Biggest Hits, Withdrew When Russia Invaded Ukraine

According to a US lawsuit, a Russian billionaire under investigation in Switzerland assisted in the financing of Tom Cruise's blockbuster Top Gun: Maverick. Russian...

Trader Joe’s and Hershey Face Lawsuit, Lead and Cadmium Found in Chocolate Products Pose Serious Health Risks

American grocery chain Trader Joe's is accused of misleading and endangering customers in a lawsuit that claims the store is selling dark chocolate that...

Saudi-Backed LIV Golf Allegedly Used Anti-Trust Lawsuit with PGA Tour to Build Dossier on 9/11 Victims’ Families

The duel between PGA Tour and Saudi Arabia-funded LIV Golf seems to be heating up each day as new skeletons tumble out of the...

FTC Proposes Rule to Ban Noncompete Clauses for the Labor Market

  The Federal Trade Commission proposed a new regulation that would prohibit employers from putting noncompete clauses on their employees, a common and frequently abusive...

Albertsons Companies’ Upcoming Q3 Results Preview

RBC Capital analysts provided their outlook on Albertsons Companies, Inc. (NYSE:ACI) ahead of the upcoming Q3 results announcement. The analysts believe Q3 fundamentals will largely...
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